On Tuesday, Shares of Hess Corp. (NYSE:HES), lost -0.70% to $59.18.
Hess Corporation accomplished the formerly declared sale of a 50 percent interest in its Bakken midstream assets to Global Infrastructure Partners for cash consideration of $2.675 billion.
As planned, Hess and Global Infrastructure Partners have created a premier midstream joint venture — Hess Infrastructure Partners. The joint venture has incurred $600 million of debt through a 5-year Term Loan A facility with proceeds distributed equally to both partners, resulting in total after-tax cash proceeds net to Hess of $3.0 billion. In addition, the joint venture has independent access to capital counting a fully committed $400 million 5-year Senior Revolving Credit Facility. As formerly declared, the joint venture plans to proceed with an initial public offering of Hess Midstream Partners LP common units.
Hess Corporation, an exploration, and production company, develops, produces, purchases, transports, and sells crude oil, natural gas liquids, and natural gas. The company primarily operates in the United States, Denmark, Equatorial Guinea, the Joint Development Area of Malaysia/Thailand, Malaysia, and Norway.
Shares of H & R Block Inc (NYSE:HRB), inclined 1.35% to $32.20, during its last trading session.
Annual enrollment for H&R Block’s Income Tax Course is open and H&R Block (HRB) will award full scholarships covering the cost of tuition and books for spouses of active, reserve, wounded warrior and stepped down military personnel. H&R Block has offered these scholarships for the past 10 years and granted more than $540,000 in scholarship funds to thousands of military spouses in 2014 alone.
The course teaches the skills to learn how to prepare taxes like a pro and is helpful for people who want to better understand their own taxes. Students can learn a new skill and potentially could earn extra money. Though enrolling in the class is not a guarantee of employment with H&R Block, more than 75 percent of graduates who took part in this scholarship program became tax professionals for H&R Block in tax season 2015.
H&R Block, Inc., through its auxiliaries, provides tax preparation, banking, and other services to the general public primarily in the United States, Canada, and Australia. The company offers assisted income tax return preparation and related services through a system of retail offices operated directly by the company or by franchisees; and online tax services, such as tax advice, professional and do-it-yourself (DIY) tax return preparation, and electronic filing services through its Website hrblock.com.
At the end of Tuesday’s trade, Shares of Prospect Capital Corporation (NASDAQ:PSEC), lost -1.60% to $7.38.
Prospect Capital Corporation, declared that Prospect offered System One Holdings, LLC, a portfolio company of MidOcean Partners, with an incremental $11.8 million of first lien senior secured floating rate debt to support the acquisition of AECOM’s quality programs business. System One utilized a delayed draw term loan to which Prospect formerly committed. Prospect now provides about $80 million of financing to System One as the sole term lender.
Headquartered in Pittsburgh, Pennsylvania, System One is a top 35 staffing firm in the United States and is a leader in specialized workforce solutions. System One provides professional staffing and targeted services primarily to the energy, engineering, commercial, scientific, clinical, information technology, and legal sectors. System One has over 700 employees in 48 North American offices and averages about 5,000 revenue-producing consultants.
Prospect Capital Corporation is a business development company. It specializes in middle market, mature, mezzanine finance, later stage, emerging growth, buyouts, recapitalizations, turnaround, growth capital, development, subordinated debt tranches of collateralized loan obligations, cash flow term loans, and bridge transactions. It also makes real estate investments particularly in multi-family residential real estate asset class.
Finally, Blackstone Group LP (NYSE:BX), ended its last trade with 0.64% gain, and closed at $41.87.
Zeta Interactive declared that it has closed a $125 million round of financing from FS Investment Corporation (FSIC), FS Investment Corporation II (FSIC II) and FS Investment Corporation III (FSIC III), business development companies (BDCs) advised by associates of Franklin Square Capital Partners (Franklin Square) and sub-advised by an associate of GSO Capital Partners LP (GSO), the credit platform of Blackstone (BX). Under the terms of the investment, these BDCs will provide up to $125 million in a mix of debt and equity.
“Data, analytics and technology are transforming the marketing ecosystem,” said David A. Steinberg, Zeta’s Co-Founder, Chairman and CEO. “Zeta is uniquely positioned to capitalize on this major shift in how the world’s leading marketers acquire new customers and make the ones they already have more valuable. We are delighted to add GSO and Franklin Square as partners and to our shareholder base. We look forward to working closely with their team as we embark on our next phase of growth.”
The Blackstone Group L.P. is a publicly owned investment manager. The firm also provides financial advisory services to its clients. It provides its services to public and corporate pension funds, academic, cultural, and charitable organizations.
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